SparkMeter logo — We make it possible for utilities in developing markets to b...

SparkMeter

We make it possible for utilities in developing markets to bring electricity to the 3.5Bn people without reliable access

Founded 2013 United States Washington, United States 39 employees Corporate Round Total: $41.15M Energy, Energy Efficiency

General Information

Company Name SparkMeter
Founded Year 2013
Location United States Washington, United States
Employees 39
Industries Energy, Energy Efficiency
Funding Stage Corporate Round
Social

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About SparkMeter

SparkMeter is a US-based startup founded in 2013, providing affordable metering solutions for utilities in developing markets, aiming to extend electricity access to the 3.5 billion people currently lacking reliable power. The company's products cater to a wide range of utilities, from rural micro-grids to urban central grid systems, particularly benefitting underserved regions in Asia, Sub-Saharan Africa, and Latin America and the Caribbean. SparkMeter's recent milestone includes a $5.00M Corporate Round investment from Honeywell Smart Energy in November 2023, reflecting a strong investor endorsement.

SparkMeter's offerings align with the pressing need to facilitate electricity provision in hard-to-reach areas where access to clean, reliable power is transformative. By addressing a critical gap in energy access, the company contributes to economic growth and human development, underscoring the broader significance of its mission. As the company gains traction in attracting investments and scaling its operations, its commitment to leveraging technology for social impact sustains its appeal to potential investors and strategic partners in the energy and energy efficiency sectors.

Taxonomy: electricity access, metering solutions, grid management, underserved markets, rural electrification, microgrids, smart meters, utility technology, developing markets, economic growth, human development, sustainable power distribution

Funding Rounds & Investors (8)

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Funding Stage Amount Investors Lead Investors Date
Corporate Round $5.00M 1
Honeywell Smart Energy
29 Nov 2023
Venture Round $10.00M 3
Clean Energy Ventures, Breakthrough Energy Ventures +1
24 Mar 2022
Series A $12.00M 6
Clean Energy Ventures, Clean Energy Venture Group +4
25 Aug 2020
Series A $11.10M 2
Clean Energy Ventures, Clean Energy Venture Group
18 Apr 2019
Venture Round Undisclosed 1
Elemental Excelerator
01 Nov 2018
Convertible Note $2.45M 4
Clean Energy Ventures, Powerhouse Ventures +2
14 Jun 2018
Debt Financing $600.00K 1
Global Innovation Fund
01 Jan 2017
Seed Round Undisclosed 1
Factor[e] Ventures
15 Jul 2014

SparkMeter Alternatives & Competitors

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SparkMeter vs
Husk Power
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SparkMeter vs

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FAQ About SparkMeter

We make it possible for utilities in developing markets to bring electricity to the 3.5Bn people without reliable access
SparkMeter was founded in 2013.
SparkMeter is headquartered in Washington, United States.
SparkMeter operates in Energy and Energy Efficiency. Its work centres on electricity access, metering solutions, grid management and underserved markets.
SparkMeter has approximately 39 employees.
SparkMeter has completed 8 funding rounds, raising a total of $41.15M. The latest funding stage is Corporate Round.
Top alternatives and competitors to SparkMeter include Husk Power, San Luis Valley Rural Electric / Ciello, Soluna Energía, Solarworx, Brighter World Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SparkMeter and Husk Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for SparkMeter, https://bouncewatch.com/company/sparkmeter, updated 25 November 2024. When citing, please name BounceWatch and link this page.

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